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Oct 22, 2011 6:00pm PDT
's transitional government struggles with what to do next. elizabeth palmer and alan pizzey are there. u.s. troops may soon be out of iraq but not everyone supports president obama's timeline. wyatt andrews reports on the end game debate. mitt romney says he'll win over republicans in iowa, despite being a no-show at tonight's gathering of christian conservatives. and helping hands-- cynthia bowers shows us how a circle of friends is curbing poverty in this country, one family at a time. captioning sponsored by cbs this is the "cbs evening news" with russ mitchell. >> good evening, everyone. libya's interim leaders are moving to put the war-torn country back together. a declaration of liberation is expected tomorrow. today, acting prime minister resigned clearing the way for an interim government and elections. elizabeth palmer is in tripoli with the latest. >> reporter: in announcing his resignation, he set an ambitious deadline for elections. >> the first election should be within a period of eight months, maximum. >> reporter: before jabril left office he went to a shopping center in the city o
Oct 15, 2011 6:00pm PDT
of the washington monument. the reverend al sharpton condemned the u.s. senate for blocking president obama's jobs bill. from the monument the demonstrators moved on to the martin luther king jr. memorial which is to be dedicated tomorrow. for some perspective on the economic backdrop to the protests we're joined we financial expert jordan goodman. first the university of michigan confidence survey showed expectations hit the lowest levels since 1980. >> right. >> at the same time we saw retail sales hit the highest level in seven months. what's going on? >> consumers at the high end are doing pretty well. tiffany's, nordstrom, their sales are doing well and prices are up. retail sales are up because people are paying more for food and gas and other kind of things. the expectations is the key thing. people are losing income and thinking things are getting worse and the result is most people out there are cutting back every way they possibly can. >> mason: meanwhile we've seen foreclosures surge again. they were up 14%. is the foreclosure crisis deepening? >> absolutely. the banks were holding off
Oct 8, 2011 6:00pm PDT
. >> mitchell: she built bonitas international using credit cards and equity in her home. >> last year we had a our second best year in our country's history. >> mitchell: growth stalled when credit got tight, despite an excellent payment record which cbs news reviewed. before the evenly crisis, martinez was charging around $50,000 a month for goods and shipping. $50,000 with an $83,000 credit limit. but then chase bank cut her credit limit down to around $50,000, meaning martinez was now using nearly 100% of her available credit, a reg flag that caused her credit score to drop from 700 to 640, which then triggered chase to lower her credit even further to 40,000. >> i'm in a spot where i don't understand why when i'm managed my relationships appropriately and responsibly, all of a sudden, the credit card companies are turning their back on me. >> mitchell: in fact, 60% of entrepreneurs say their credit card terms have gotten worse. >> i have clients who have orders in hand, they could hire employees back immediately, if they had the cash to bring them back. >> reporter: former banker marylin
Oct 29, 2011 6:00pm PDT
.3% from last year. and as ben tracy tells us, students in california are getting a particularly tough lesson in college economics. >> i scheduled a couple of movers to come in. >> reporter: connie castelan's biggest fear is debt. by day, she works a full-time job so at night she can afford to go to college without massive loans. >> it's just an incredible weight on my shoulders that i just thought i couldn't handle it. >> reporter: when her tuition at california state north ridge, a public school, hit $8,000 this fall she had to drop out and enroll at this community college. she now pays $1,000. >> honestly, when i see tuition go up, fees go up-- even books went up-- it shows the government, the legislators they don't really care about students. >> reporter: on average, tuition and fees at california's four- year public universities are up a whopping 21% this year. why? california's ongoing budget crunch is squeezing higher education hard. in the past four years, state lawmakers have cut more than $1.5 billion from the state's four-year universities. in 2010, california spent more on
Search Results 0 to 3 of about 4